TL;DR:
- OpenPayd announced a merger with Titan Acquisition Corp. to list on Nasdaq under the ticker “OP” at a valuation of $1.145 billion.
- The transaction would allow it to receive up to $276 million in gross proceeds and would accelerate its expansion in the United States and other international markets.
- The platform processes over $240 billion in transaction volume per year and generates more than $85 million in annualized revenue.
The financial infrastructure company OpenPayd announced a business combination agreement with Titan Acquisition Corp. (Nasdaq: TACHU), a special purpose acquisition company focused on high-growth fintechs.
The transaction values OpenPayd at $1.145 billion in pro-forma equity value terms and, once completed, will allow the firm to debut on Nasdaq under the symbol “OP”. The closing of the transaction is expected in the fourth quarter of 2026, subject to Titan shareholder approval and other customary conditions.
Today marks an important milestone for OpenPayd.
We’ve announced an agreement with Titan Acquisition Corp. that will see OpenPayd become a publicly listed company on Nasdaq upon completion of the transaction.
OpenPayd’s financial infrastructure platform operates at the… pic.twitter.com/ykOF9UNRIV
— OpenPayd (@OpenPayd) June 1, 2026
The OpenPayd platform operates across both traditional finance and digital assets, offering clients international accounts, real-time payments and trading operations through a single API. The company has a presence in the United States, the United Kingdom, the European Economic Area, Canada and South Africa, and serves more than 1,100 clients across 180 countries, including companies such as eToro and Kraken.
OpenPayd Could be the Fintech of the Future
Iana Dimitrova, CEO of OpenPayd, noted that the transaction demonstrates “the scale of our platform, our regulatory strength and our ability to deliver profitable growth.” For his part, Ozan Ozerk, founder of the company, argued that the next financial decade will not be defined by faster cards or cheaper transfers, but by money that moves autonomously.
According to Ozerk, OpenPayd aspires to be the operating system that connects traditional financial rails with programmable blockchain-based networks, enabling smart system transactions to execute with the same fluidity with which humans operate today.
Frank Mastrangelo, President and CEO of Titan, highlighted that the growing institutional adoption of digital assets, increasingly innovation-friendly regulatory frameworks and the demand for integrated fiat-digital infrastructure position OpenPayd to reap long-term success. Mastrangelo described the company as what he considers the first pure-play global payments infrastructure platform to list on a public exchange.
The transaction was unanimously approved by the boards of both companies. Advisors include A&O Shearman on the legal side and Deloitte as financial auditor, while Winston & Strawn also acts as legal advisor to Titan and Cantor Fitzgerald & Co. as capital markets advisor.
